Asia Pacific Laboratory Balances and Scales Market Size, Share & Industry Trends Analysis Report By Product Type (Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Laboratory Balances and Scales Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
The technological developments in electronics has remarkably decreased the complexity of handling balances and has significantly cut back on weighing times. The balances have become much handy and accessible that they can be easily installed directly into the process of production.
The Laboratory balances like compact balances and precision balances available in the small laboratories or classroom are compact in size and can be efficiently piled into the storerooms. Additionally, having the capability of being utilized in small spaces, the battery-operated digital balances can also be used in fieldwork where electricity is not available.
The digital balances offer easy readability. The LCD screen on the digital balance shows the correct weight. Apart from this, digital balances basically have the ability to provide higher precision and accuracy than any other scale. Moreover, digital balances allow the users to see and record the data like weight history and body fats level. It also calculates and syncs the data to a computer and mobile phone.
The pharmaceutical industry of India is also the part of the largest industries in the region. India exports a huge amount of medicines all over the world. The government of India has launched supporting initiatives to provide surety of toughness towards external shocks, offer higher security for drugs, and grow the ability for domestic production of critical drugs. The expanding pharmaceutical industry is anticipated to surge the growth of the laboratory balances and scales market in the Asia Pacific region.
The China market dominated the Asia Pacific Laboratory Balances and Scales Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $105.8 million by 2028. The Japan market is estimated to grow a CAGR of 4.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.9% during (2022 - 2028).
Based on Product Type, the market is segmented into Analytical Balances, Precision Balances, Moisture Balances, Compact Scale, Micro Balance, and Others. Based on End User, the market is segmented into Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories, Chemical & Material Testing laboratories, Food & Beverage Testing Laboratories, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Laboratory Balances and Scales Market is Projected to reach USD 1.3 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mettler-Toledo International, Inc., A&D HOLON Holdings Company, Limited, Sartorius AG, Shimadzu Corporation, Adam Equipment Inc. (Indutrade AB), Essae-Teraoka Pvt. Ltd., Scientech, Inc., Radwag Balances and Scales, Kern & Sohn GmbH, and PCE Holding GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Analytical Balances
- Precision Balances
- Moisture Balances
- Compact Scale
- Micro Balance
By End User
- Pharmaceutical, Cosmeceutical, & Biotechnology Products Testing Laboratories
- Chemical & Material Testing laboratories
- Food & Beverage Testing Laboratories
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Mettler-Toledo International, Inc.
- A&D HOLON Holdings Company, Limited
- Sartorius AG
- Shimadzu Corporation
- Adam Equipment Inc. (Indutrade AB)
- Essae-Teraoka Pvt. Ltd.
- Scientech, Inc.
- Radwag Balances and Scales
- Kern & Sohn GmbH
- PCE Holding GmbH
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